Alberta Investment Management Corp reduced its stake in shares of The Western Union Company (NYSE:WU) by 77.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 343,200 shares of the credit services provider’s stock after selling 1,162,000 shares during the quarter. Alberta Investment Management Corp’s holdings in The Western Union were worth $6,222,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Brooktree Capital Management purchased a new stake in shares of The Western Union in the fourth quarter valued at approximately $368,000. Atria Investments LLC increased its position in shares of The Western Union by 196.6% in the fourth quarter. Atria Investments LLC now owns 39,388 shares of the credit services provider’s stock valued at $1,055,000 after buying an additional 26,107 shares in the last quarter. Amalgamated Bank increased its position in shares of The Western Union by 3.2% in the fourth quarter. Amalgamated Bank now owns 65,182 shares of the credit services provider’s stock valued at $1,746,000 after buying an additional 2,037 shares in the last quarter. DT Investment Partners LLC increased its position in shares of The Western Union by 3.4% in the fourth quarter. DT Investment Partners LLC now owns 263,794 shares of the credit services provider’s stock valued at $7,065,000 after buying an additional 8,755 shares in the last quarter. Finally, Cetera Investment Advisers purchased a new stake in shares of The Western Union in the first quarter valued at approximately $616,000.
NYSE:WU opened at $18.89 on Friday. The company has a market capitalization of $7.86 billion, a P/E ratio of 7.62, a P/E/G ratio of 0.44 and a beta of 0.89. The Western Union Company has a 52 week low of $17.39 and a 52 week high of $28.44. The stock’s fifty day moving average is $19.12 and its two-hundred day moving average is $24.02.
The Western Union (NYSE:WU) last posted its quarterly earnings data on Tuesday, May 5th. The credit services provider reported $0.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.02. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.22 billion. The Western Union had a negative return on equity of 1,692.22% and a net margin of 20.64%. The company’s quarterly revenue was down 10.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.39 EPS. Equities analysts expect that The Western Union Company will post 1.67 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be issued a $0.225 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.90 annualized dividend and a dividend yield of 4.76%. The Western Union’s dividend payout ratio is presently 52.02%.
A number of research firms have recently commented on WU. Citigroup cut their price objective on The Western Union from $23.00 to $18.00 and set a “sell” rating for the company in a research report on Thursday, March 26th. Credit Suisse Group lifted their price target on The Western Union from $19.00 to $20.00 and gave the stock an “underperform” rating in a research note on Wednesday, May 6th. Zacks Investment Research lowered The Western Union from a “hold” rating to a “sell” rating and set a $21.00 price target on the stock. in a research note on Monday, May 4th. Barclays lowered their price target on The Western Union from $25.00 to $18.00 and set an “underweight” rating on the stock in a research note on Monday, April 6th. Finally, Deutsche Bank lowered their price objective on The Western Union from $28.00 to $20.00 and set a “hold” rating on the stock in a research note on Tuesday, March 31st. Eight analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $21.71.
The Western Union Company Profile
The Western Union Company provides money movement and payment services worldwide. The company operates in two segments, Consumer-to-Consumer and Business Solutions. The Consumer-to-Consumer segment facilitates money transfers between two consumers, primarily through a network of third-party agents. This segment offers international cross-border transfers and intra-country transfers, as well as money transfer transactions through Websites and mobile devices.
Further Reading: Earnings Per Share (EPS)
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